Prinova acquires Aplinova to further increase its footprint in Latin America
Prinova has recently announced the acquisition of Brazilian ingredients distributor Aplinova, which is a provider of specialty ingredients for a range of market segments that include food, beverage, supplements, and personal care.
Image | adobe.stock/Natee Meepian
Prinova (Itasca, IL) has recently announced the acquisition of Brazilian ingredients distributor Aplinova, which is a provider of specialty ingredients for a range of market segments that include food, beverage, supplements, and personal care. Recently, Aplinova opened a new facility in Jundiaí with an Innovation Center established to drive growth while also being higher environmental, social, and governance standards. Areas of focus for Aplinova include natural flavors, customization for health and wellness, and solutions for sugar reduction.
With this acquisition, Prinova, a wholly owned subsidiary of the Nagase Group, continues its expansion in Latin America. Prior to this, the company took over the Brazilian citrus oil processor Flavor Tec in 2023.“The Brazilian ingredients market is increasingly important and Aplinova has long been one its key players, so we’re excited to bring them into the Prinova family,” said Richard McEvoy, president and CEO of Prinova Group, in a press release. “This is another big milestone on our growth journey, and a crucial step in our long-term mission to expand our global presence. Most importantly, it will bring significant benefits to manufacturers, both in the LatAm region, and across the world.”
“We have a long-term vision for global growth, but it’s also crucial to us that we maintain our core values,” added Masaya Ikemoto, representative director and senior managing executive officer at Nagase Group. “Aplinova is a company that shares our passion for innovation, and our commitment to meeting the needs of our customers and end-consumers. At a time when consumer-driven demand for healthy and functional products has never been higher, the opportunities that this acquisition will create are incredibly exciting.”
ICG Partners served as Aplinova’s financial advisor and Maia Yoshiyasu Advogados provided legal counsel while Zavagna Gralha and Stocche Forbes served as legal counsel to Prinova.
